ECMT
Industry Benchmarks
In September 2008 the Australian Securities and Investment Commission (ASIC) developed and published 8 benchmarks for unlisted mortgage schemes that are aimed at helping retail investors understand the risks, assess the rewards being offered and decide on whether these investments are suitable for them.
Responsible entities of unlisted mortgage schemes in which retail investors invest should address the benchmarks on an "if not, why not basis".
Lismore Management Corporation Limited ACN 010 695 566 (Lismore Management) as responsible entity for East Coast Mortgage Trust ARSN 090 631 367 (Trust) is committed to meeting the disclosure requirements for each of the 8 benchmarks set by ASIC.
Below is a PDF document you can download with a summary of the status of the Trust in relation to those benchmarks as at 31 December 2012.
Documents
Industry BenchmarksI am pleased to report that the Board of Lismore Management Corporation as responsible entity for the East Coast Mortgage Trust is continuing with the orderly wind down of the Trust with a further return of capital to investors.
An amount equal to 10% of investors' current balance will be returned to investors on the 3rd April 2013.
